1. U.S HOU
S. USING V WA
VS. AREHO
OUSE DEMAN
ND
KEY FACTS
Y
• Ind
dustrial ware
ehouse absorption reac
ched its pea in third qu
ak uarter 2005 with
39.5 msf. At t same tim housing starts and housing sales peaked with
the me, g
1.7 million an 7.59 milli units, re
75 nd ion espectively.
• Fo
ollowing the peak, quart
ter-over-qua eriorated for 12
arter housing starts dete
con
nsecutive quarters from 2Q06 thro
m ough 1Q09 a housing sales fade in 12
and g ed
of 14 quarters from 3Q05 through 1Q
s 5 Q09. Waning housing demand coin
g ncided
wit the drop i warehous absorptio during the same per
th in se on riod. When the
bru of the re
unt ecession wa felt in 200 warehou users sh
as 08, use huttered the
eir
businesses an returned 66.5 msf fro 3Q08 to 2Q10.
nd om o
• Fir quarter 2
rst 2009 marked the low in warehouse absorption at negative 36.2
d e n e
ms and housi starts at 360,000. A the econo
sf ing t As omy began to recover in mid-
2010, new hou
using starts picked up, averaging 4
450,000 new units each
w h
quarter since 2
2Q10.
• vailable new housing, co
Av w oupled with low interes rates lifted housing sa
st d ales,
ave
eraging more than 4.0 million quar
rterly sales o
over the pas two years
st s.
Inc
creased hou
using activity drives dem
y mand from r
retailers and suppliers f new
d for
spa to lease Conseque
ace e. ently, wareh
house absorption totale 119.5 ms over
ed sf
the past eight quarters.
e
Ted.H
Harrison@
@cushwake.
.com 602-2
229-5936
field Research, Moody’ Analytics/
Source: Cushman & Wakef ’s /Economy.ccom. Only m
markets
track by Cush
ked hman & Wakkefield office are includ in this a
es ded analysis.
INDUSTRIAL FACT TE
L EAM
Tina Arambulo Ted Harris
son Jared Jacobs
d
Los A
Angeles Phoenix Philad
delphia
Jame Breeze
es Steve Harr
ris Aman Ortiz
nda
Los A
Angeles Dallas Chica
ago
Neil Hamilton Robert Ho
oefer
Orlan
ndo Houston

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